Medical Office - Debt

NorthMarq Capital arranges $2.25 million refinance of St. John’s Medical Office in St. Louis, Missouri

ST. LOUIS (June 1, 2015) – NorthMarq Capital’s St. Louis based regional office negotiated the $2.25 million refinance of St. John’s Medical Office, a 21,382 sq.ft. medical office building located at 755 Dunn Road in St. Louis, Missouri. The transaction was structured with a fully amortizing 9.5 year term. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company. Mercy represents the property’s major tenant. “Our correspondent life insurance company offered a very competitive non-recourse fixed-rate loan due to the fully amortizing request which matched up with the credit tenant’s lease term.”

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with a flexible structure, enabling our national team of experienced professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of more than $37 billion and a loan servicing portfolio of nearly $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq introduces clients to expanded opportunities across all major asset classes.